What does our ecosystem get with the launch of Universa public blockchain?

First, it’s an opportunity to issue any tokens, for example:

– Launch of a smart loyalty system for small and medium business, where tokens can be easily used in transactions, accepted as payment, easily sent to a friend just by choosing a nick/address in the chat. Buy five cups of coffee and get one free; collect 35 stickers and collect a prize at the store — all these use cases can easily be addressed using tokens issued on the Universa platform.

– Converting in-game currencies to smart token format will finally address the issue for gamers who play to win collectible items for resale, or those who would like to safely purchase an in-game item or exchange currencies between different games.

– While moving public elections to the blockchain may be more of a tomorrow’s idea, doing the same to a corporate Board of Directors voting or The Voice viewer voting is the perfect application for public blockchain.

(if you are a team developing something of a kind right now but with different technology, or ready to develop any of the services described above with Universa — please contact me! 😃 )

These are the nearest-future applications for smart tokens issued on Universa Blockchain platform, which do not require crypto exchange functionality for trading tokens. Instant transactions from anywhere on the planet and low cost, in our opinion, will be the key factors for moving some smart contracts to the Universa Blockchain.

In the next few iterations, we will start working on example Smart Apps; to demonstrate the possibilities of asset tokenization technology, we will be launching Instant SWAP between Bitcoin/Ethereum and Universa network.

UltraBTC(UltraETH) is a token in the Universa public network, which allows delivering value in BTC(ETH) — not in a slow and expensive manner that is so common of Bitcoin(Ethereum) networks, but instantly and almost for free (1U).

0.02 ultraETH received from Sergey

In this case, Universa public network operates as a secure escrow agent, enabling an exchange of any digital asset to another. Right now you can exchange any smart contract or token at the Universa MainNet to UltraBTC/UltraETH.

And vice versa, you can easily reward your contractors or pay for any services using UltraBTC, as the recipient will instantly see ultra-tokens arriving to their address.

In the next iterations, we will add the possibility of exchanging any tokens and contracts via Universa decentralized escrow contracts.

If you feel like rewarding our team with a pizza or a tasty coffee, you can try sending UltraBTC/UltraETH to our nick: @Universa

Business Development

In Tunisia, I attended SmartCity Bizerte conference with a presentation on how Universa Blockchain can help building a smart city and become a basic infrastructure for IoT/mesh interaction between smart machines, robots and applications.

In a separate panel discussion, Carlos Moreno and I talked about Blockchain and Big Data making cities smarter, greener and happier.

After that, we had very productive negotiations with the management of Tunisie Telecom and the Central Bank of Tunisia.

We agreed to continue discussions during the Africa Blockchain Summit on May 14

The nearest events and meet-ups

May 8 — BO2O Blockchain Summit (Keynote Speaker)

May 10 — YPO Keynote Speaker

May 14 — Africa Blockchain Summit Tunis

#Development

Node and Network

Developed a system for adding functionality to the node in the form of a special smart contract (NC), which in fact implements a network plugin. The plugin architecture allows development of extension modules that are enabled or disabled in a specific network by simply approving a special contract, and can present extended interfaces for network users.

Local storage for NC-based contracts.

Expanded NC-based contract verification procedure.

Synchronization of NC distributed state

Developed a mechanism for receiving additional U payment (services) by approving revision of a service contract

Added a mechanism to return additional information from an NC contract when creating a new revision

An NC contract can additionally manage permissions for creating a revision.

Started further development of the web3j library for working with Ethereum-like networks, as the current version is not really usable in real life and not supported.

Development

Developed LockChain technology, which enables offline devices to not only check network status but also perform all other client functions over a shared connection via Universa client.

A practical application of this would be heat meters installed on individual heaters (which are popular in Italy), which get activated when a utilities company worker passes down the stairs nearby, carrying a wireless access unit. If these had LockChain enabled, the meters would be able to update their readings on the Universa network, improving users’ trust in the system.

Another example is a piece of monitoring equipment in an area without network infrastructure, which updates its status in the Universa network whenever a network operator arrives (or a retransmission drone flies by), without the need for an intermediate agent.